Vote on the Plans by December 16, 2024

NEW YORK, Nov. 13, 2024 /PRNewswire/ — The following statement is being issued by Kroll Restructuring Administration LLC regarding the Imerys Talc and Cyprus Mines Bankruptcy Cases.

If you have a Talc Personal Injury Claim, your rights are affected by an upcoming vote on the plans of reorganization (“Plans”) as part of bankruptcy proceedings of Imerys Talc America, Inc., Imerys Talc Vermont, Inc., and Imerys Talc Canada Inc., and potentially Imerys Talc Italy S.p.A (the “Imerys Debtors”) and Cyprus Mines Corporation (the “Cyprus Debtor”). Capitalized terms used but not defined here have the meanings ascribed to them in the Plans, which are available at IandCtalc.com.

The Imerys Debtors and the Cyprus Debtor filed Disclosure Statements (available at IandCtalc.com) that contain information to help you decide how to vote on the Plans. Both Disclosure Statements propose that a single combined trust be established to which all current and future Talc Personal Injury Claims will be channeled and resolved according to Trust Distribution Procedures. If you have a Talc Personal Injury Claim, your legal rights are affected if the Plans are approved.

The Imerys Tort Claimants’ Committee, the Cyprus Tort Claimants’ Committee, and the representatives of future talc claimants for each of the Imerys Debtors and the Cyprus Debtor support the Plans. Anyone with Claims and Equity Interests in all other Classes are assumed to accept the Plans because they are not affected by Plans or they support the Plans.

If you have a Talc Personal Injury Claim, you or your attorney are entitled to receive a ballot to vote on one or both of the Plans. Your ballot must be received by Kroll Restructuring Administration LLC no later than December 16, 2024 at 4:00 p.m. Eastern Time. If you are unsure that your attorney can vote on your behalf, please ask your attorney.

If you have a Talc Personal Injury Claim against the Imerys Debtors and/or the Cyprus Debtor, it is assumed that you consent to the “Releases by Holders of Claims” set forth in Article XII of the Imerys Plan and/or the Cyprus Plan, as applicable, if any of the following are true:

1. you vote to accept the applicable Plan,
2. you vote against the applicable Plan, and you do not opt out of the releases in such Plan, or
3. you are entitled to vote on a Plan, but you do not vote and do not opt out of the releases in such Plan (subject to certain limitations described in the Plans).

Please read the Plans and other Plan Documents carefully for details about how the Plans will affect your rights if approved.

You have the right to object to one or both of the Plans. The deadline to file an objection is March 26, 2025, at 4:00 p.m. Eastern Time. There are requirements that must be followed to file an objection, which are set forth in the Voting Procedures Orders. Objections received after the deadline may not be considered by the Bankruptcy Court and may be deemed overruled without further notice.

This is only a summary. For additional information, including obtaining the Disclosure Statements and Plans for review, obtaining solicitation packages with ballots to vote, and other documents, please contact Kroll Restructuring Administration LLC at:

WRITE:
Imerys Ballot Processing Center
c/o Kroll Restructuring Administration, LLC
850 Third Avenue, Suite 412
Brooklyn, New York 11232

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Cyprus Ballot Processing Center
c/o Kroll Restructuring Administration, LLC
850 Third Avenue, Suite 412
Brooklyn, New York 11232

CALL: (844) 514-9092 (U.S./Canada, Toll-Free), +1 (646) 777-2352 (International, Toll-Free)

VISIT: www.IandCtalc.com

EMAIL: [email protected]

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Trintech Achieves Workday’s Highest Tier of Innovation Partnership

DALLAS, Nov. 13, 2024 /PRNewswire/ — Trintech, a leading global provider of cloud-based financial close solutions for the Office of Finance, today announced it has joined Built on Workday. This announcement follows recent news of Trintech also being named a Workday Innovation Partner and earning Workday packaged solution badges.

“Built on Workday showcases our commitment to extending the capabilities of the Workday platform through collaboration with our partners to continue meeting our customers’ evolving needs,” said Mark David, Vice President, Partner Innovations, Workday. “We are thrilled to welcome Trintech to the Built on Workday program and look forward to our joint finance customers realizing significant benefits.”

Built on Workday enables Workday partners to easily build, launch, and centrally manage apps on the Workday platform. This provides partners with opportunities to accelerate and scale their app development while addressing customers’ evolving business, industry, and regional challenges. Trintech’s solutions will be specifically engineered to help address complexities in the reconciliation and close processes.

“Joining the Built on Workday program is an exciting step in our partnership with Workday and highlights our shared commitment to delivering cohesive solutions to our joint customers,” said Mekaela Davis, Chief Partner Officer of Trintech. “This facet of our partnership enables us to deliver—at scale—advanced automation and integration capabilities that streamline reconciliation processes, enhance accuracy, and empower finance teams to realize value more quickly.” 

The Trintech and Workday partnership helps joint customers address the complexities of the reconciliation and financial close processes. With the solutions, users can automate the collection of external financial transactions across multiple systems by eliminating manual processes and reducing reliance on internal IT teams. The solutions can match millions of transactions to financial accounts in seconds, routing journal entries back to Workday’s general ledger for a faster and more accurate financial close. This automation enhances accuracy and helps improve the work-life balance of accounting teams, allowing more time for strategic financial planning and analysis.

Learn more about the Trintech and Workday partnership here.

About Trintech

Trintech gives people time back for what matters most. Our cloud–based platform and solutions enable thousands of clients worldwide to lead productivity transformation across their finance and accounting organizations — driving efficiencies, ensuring accuracy to mitigate risk, and empowering strategic decision-making. Make time count with Trintech.

As the leader in Financial Close Management, Trintech is headquartered in Plano, Texas with offices and strategic resellers across United States, Europe, Australia, South America, Africa, and Asia Pacific. With a strong partner ecosystem, Trintech collaborates with over 100 companies to create a network of interconnected businesses. To learn more about Trintech, visit www.trintech.com.

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Kelli Shoevlin
Director, Global Corporate Marketing & Communications
[email protected] 

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Money laundering accounts increase 94%; GenAI tools and deepfake threats growing

NEW YORK, Nov. 13, 2024 /PRNewswire/ — New research released today shows North American financial institutions fielded 10 times more reports of social engineering scams in 2024 than they did a year ago. The data shows scams now represent 23% of all digital banking fraud. BioCatch – the global leader in digital fraud detection and financial crime prevention powered by behavioral biometric intelligence – published these findings in its 2024 Digital Banking Fraud Trends in North America report, which also details a staggering 94% uptick in reported money mule (or money laundering) accounts.

“Reports of North American mule accounts have almost doubled in the last year,” BioCatch Director of Global Fraud Intelligence Tom Peacock said. “This not only hints at the massive scope and scale of the money mule problem plaguing the world’s financial institutions but also – more hopefully – the positive steps North American banks have taken in the last year to identify these laundering accounts.”

BioCatch’s new report also highlights the growing threats posed by GenAI tools and deepfakes, which in the hands of fraudsters allow them to launch a greater quantity of more sophisticated attacks that are more difficult to detect and prevent.

“As we outlined in our 2024 AI, Fraud, and Financial Crime Survey and ScamGPT white paper, artificial intelligence is super-charging fraud,” BioCatch Global Advisory Director Seth Ruden said, “compounding its impact, and allowing bad actors to scale and sophisticate their scams with deepfakes and other devices. As the industry deploys the newest authentication methods in both account opening and account takeover processes, fraudsters will undoubtedly attack these as well.”

Other key report findings:

• A win for banks: Account-opening fraud declined by nearly 60% in the last year, as banks implemented additional controls, such as behavioral biometric intelligence.
• hony checks and balances: Check and deposit fraud volumes tripled in the last year. As banks have made it more difficult for fraudsters to create new accounts, these bad actors have changed their tactics, devoting more attention to deposit fraud on existing accounts.
• Cut-and-paste red flags: BioCatch saw the copying and pasting of login credentials in nearly 30% of all fraud cases and in less than 1% of legitimate banking sessions.
• Device intel insufficient: Nearly a quarter of all unauthorized fraud in North America takes place on trusted devices.

The massive uptick in reported scams also presents another challenge for banks on the customer service front. The Emotional Undercurrent of Scams, a study conducted by Javelin Strategy & Research and sponsored by BioCatch, highlights the human side of fraud and the devastating impact on scam victims following an attack.

“More than half of those surveyed said they’d lost trust in people and suffered emotional stress after falling victim to a scam,” Javelin Strategy & Research Senior Analyst Suzanne Sando said. “Nearly one in five victims said their loss disrupted their family life. As these scams grow more prevalent and sophisticated, a data-driven approach that combines historical account data as well as behavioral and device intelligence is critical to stopping scams in real-time and saving victims and banks from significant losses.”

Click here to access BioCatch’s complete 2024 Digital Banking Fraud Trends in North America report.

About BioCatch:

BioCatch stands at the forefront of digital fraud detection, pioneering behavioral biometric intelligence grounded in advanced cognitive science and machine learning. BioCatch analyzes thousands of user interactions to support a digital banking environment where identity, trust, and ease coexist. Today, 34 of the world’s largest 100 banks and 237 total financial institutions rely on BioCatch Connect™ to combat fraud, facilitate digital transformation, and grow customer relationships. BioCatch’s Client Innovation Board – an industry-led initiative featuring American Express, Barclays, Citi Ventures, HSBC, and National Australia Bank – collaborates to pioneer creative and innovative ways to leverage customer relationships for fraud prevention. With more than a decade of data analysis, 93 registered patents, and unmatched expertise, BioCatch continues to lead innovation to address future challenges. For more information, please visit www.biocatch.com.

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PR contact:

Mac King
BioCatch senior comms manager
[email protected]

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